The FCA has published its latest Handbook Notice. It has made changes to several parts of the rulebook, but mainly minor changes. The changes include:
- Removing SUP 1A which no longer reflects the FCA’s approach to supervision;
- amendments relating to data reporting services forms, which take effect from 5 April;
- changes to FEES from 1 April which, among other things:
- update how funeral plan providers are allocated to fee blocks;
- change the way in which consumer credit firms using the proxy measure of income have their fee calculated;
- account for changes introduced by the IFPR; and
- adjust the way in which contributions to the FOS levy are calculated.
- updates to CRED with effect from 2 April to reflect newly permitted regulated activities; and
- updates to COBS4.12A and B from 2 April to give additional clarity on the scope of the ban on incentives for investing in high-risk investments.